Press release
Automotive Gyroscope Market to Reach USD 2.33 Bn by 2029, emerging at a CAGR of 5.14 percent and forecast 2023-2029
Automotive Gyroscope Market
The report comprehensively covers the application of gyroscopes in the automotive sector, considering vehicle type, technology type, and technological advancements. Market dynamics, including drivers and restraints, are closely analyzed to understand regional insights and study market size by region.
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What are Automotive Gyroscope Market Dynamics:
Majority of autonomous vehicle uses gyroscope for better handling of the vehicle. The semi-autonomous and autonomous vehicle is expected to grow at a CAGR of 21% in the forecast period. Other segments are covered in the report with an analysis of market size, share, country-wise import & export conditions.
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Automotive Gyroscope Market Regional Insights:
The Asia-Pacific market leads in terms of size and manufacturing. Demand for gyroscopes is driven by developing countries, particularly China, India, South Korea, and Japan, where significant automotive manufacturing takes place. The growth of electric vehicles in the region is contributing to a CAGR of 25%, fueling the automotive gyroscope market from 2023 to 2029.
North America: North America has a significant market share, with the automotive gyroscope market expected to grow at a CAGR of xx% in the forecast period. The growth is attributed to premium vehicle demand and an increasing appetite for advanced safety technologies. The presence of autonomous driving vehicles is a major driver for the automotive gyroscope market in the US and Canada.
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What is Automotive Gyroscope Market Segmentation:
by Technology
MEMS Gyroscope
Fibre Optic Gyroscope(FOG)
Ring Laser Gyroscope (RLG)
Hemispherical Resonating Gyroscope (HRG)
Dynamically Tuned Gyroscopes (DTG)
Other Technologies
by Dimension
1 Axis
2 Axis
3 Axis
by Application
Passenger Vehicle
Commercial Vehicle
Two Wheeler
Other Application
Who are Automotive Gyroscope Market Key Players:
1. Analog Devices Inc.
2. Colibrys Ltd.
3. Fizoptika Corp.
4. Honeywell International, Inc.
5. InnaLabs
6. InvenSense, Inc.
7. Kionix, Inc.
8. KVH Industries, Inc.
9. Murata Manufacturing Co., Ltd.
10.Northrop Grumman LITEF GmbH
11.NXP Semiconductors N.V.
12.Robert Bosch GmbH
13.Sensonsor AS
14.STMicroelectronics N.V.
15.Systron Donner Inertial
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Table of content for the Automotive Gyroscope Market includes:
Global Automotive Gyroscope Market: Research Methodology
Global Automotive Gyroscope Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Automotive Gyroscope Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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